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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
- September 16,2020
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- SUSTG Team
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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New Digital Art Museum, with ‘Crowdpleasing Immersive Experiences’, to Launch in Jeddah in 2023
- September 15,2020
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- SUSTG Team
Tokyo-based multimedia collective group teamLab has signed a partnership agreement with Saudi Arabia’s Ministry of Culture to provide immersive experiences for a new digital art museum in Jeddah, according to reports, the latest investment by the Saudi government into the culture and lifestyle industry in the Kingdom.
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Saudi Electricity Co. Sells $1.3 Billion of Green Sukuk
- September 11,2020
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- SUSTG Team
Saudi Electricity Co. sold the first green bond in Saudi Arabia in what amounts to the “latest milestone in the expansion of environment-friendly debt instruments,” according to a report in Bloomberg.
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A First Look at the Saudi PIF-Backed Lucid Air, Set to Challenge Tesla’s Market Dominance
- September 10,2020
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- SUSTG Team
Lucid Motors, backed by $1 billion from Saudi Arabia’s Public Investment Fund (PIF), unveiled its first vehicle, the Lucid Air electric sedan, at a virtual event from the company’s Silicon Valley headquarters.
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Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp
- September 9,2020
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- SUSTG Team
Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers “to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile,” Bloomberg reports.
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King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace
- September 8,2020
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- SUSTG Team
Saudi Arabia’s King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump’s son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.
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Pandemic Continues to Ease in Saudi Arabia; Authorities ‘Encouraged by the Resilience Demonstrated by the Saudi Economy’
- September 4,2020
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- SUSTG Team
The Coronavirus pandemic continues to ease in Saudi Arabia, with daily new cases remaining under 1,000 this week and trends continuing in a positive direction in what may potentially provide a boost to the Kingdom’s economy in the months ahead.
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Report: Saudi Aramco Slows Diversification Plans Amid Lower Oil Prices, Dividend Pledge
- September 3,2020
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- SUSTG Team
Saudi Arabia’s state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
- September 2,2020
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- SUSTG Team
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Saudi Arabia’s Economy Sees Bright Spots as Coronavirus Cases Continue to Decline
- September 1,2020
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- SUSTG Team
As the Coronavirus spread continues to decline in Saudi Arabia, fresh data from the from the Saudi Arabian Monetary Authority (SAMA) indicates some bright spots for Kingdom’s economy, according to Jadwa Investment.
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Saudi youth’s growing ‘fascination’ for Japanese language, anime and arts
”I have been very excited and honoured to meet so many Saudi citizens, especially those from the younger generation, who are strongly fascinated with the Japanese pop-culture, such as anime and manga, as well as Japanese traditional arts such as Shodo, which drove so many people to learn the Japanese language,” he said.
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Foodics partners with American Express Saudi Arabia
The announcement comes at the back of its series B fundraising in February this year, during which it raised $20 million in a funding round led by Sanabil Investments, a firm wholly owned by Saudi Arabia’s Public Investments Fund. With this latest announcement, Foodics is on track to exceed its 2021 targets, with 11,000 brands onboarded so far and growing, as well as new product launches also in the pipeline.
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IMO and Kingdom of Saudi Arabia sign new partnerships
IMO has signed three partnership agreements with the Kingdom of Saudi Arabia to support the preparation of a new global project that targets ship-based emissions. Further funding goes to existing projects focused on biofouling and marine plastic litter. The agreements, signed by IMO Secretary-General Kitack Lim and His Excellency Mr. Saleh bin Nasser al-Jasser, Minister of Transport and Logistic Services, Kingdom of Saudi Arabia (28 September), will see US$509,000 going to the three environmental initiatives.
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Saudi Arabia’s wealth fund to sell part of stake in Saudi Telecom
The planned transaction will target international and local institutional investors, as well as retail investors, PIF said, adding it would maintain a majority stake of more than 50% in the company.
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In pics: Saudi reveals new luxury mountain resort as part of the Red Sea project
Site preparation is ongoing and construction began in July 2021, the statement said. It expects to start welcoming its first guests by the end of 2022. “We wanted to create a destination that allows guests to experience Saudi Arabia’s untouched beauty,” said John Pagano, CEO at TRSDC. “Desert Rock will provide guests with uninterrupted spectacular views while preserving the natural landscape.”
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Saudi Arabia’s Largest Music Festival, SOUNDSTORM, Announces Return With Over 150 Artists
Tickets are on sale now with a variety of four-day GA and VIB (Very important beast) bundle options. Four-day tickets currently start at 339 SAR ($90 USD). MDLBEAST SOUNDSTORM takes place December 16th-19th, 2021.
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How Saudi Arabia’s top 10 banks performed in the second quarter
Global management consulting firm Alvarez & Marsal has released its second quarter analysis of the state of Saudi Arabia's banking sector. A round of the report's key findings in six charts.
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State Department Clears Saudi Arabia’s Request for Continued Helicopter Maintenance Support Services
The MSS contract supports the AH-64D/E, UH-60L, UH-60M, Schweizer 333 and Bell 406CS helicopters deployed by the Royal Saudi Land Forces Aviation Command and the continuation will also cover the upcoming CH-47F Chinook fleet, the Defense Security Cooperation Agency said Thursday.
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Saudi International golf tournament and Asian Tour confirm historic partnership
The 2022 Saudi International will mark the start of a historic chapter in golf, as the prestigious event becomes sanctioned by the Asian Tour as part of a 10-year partnership. The tournament, which will continue to be broadcast globally from Royal Greens Golf & Country Club, near Jeddah, between February 3-6, 2022, will also feature an increased purse of $5 million up from $3.5 million. The Asian Tour partnership represents a revitalised strategy, intended to elevate the well-established event in significant emerging markets around the world.
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Saudi-led coalition thwarts Houthi missile and drones attack – media
The Saudi-led coalition said late on Thursday that it thwarted and destroyed four Houthi explosives-laden drones and a ballistic rocket fired in the direction of the southern Saudi city of Jazan, Saudi state media reported.
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